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CM 3111 EXAM 1 Questions and Correct
Answers/ Latest Update / Already Graded
the determination of probable construction costs for a project that are
prepared from the contract documents.
Ans: estimating
what is estimating in construction used for?
Ans: to establish project budget and order materials
provides the general contractor an acceptable rate of return and
compensation for the risk associated with the project
Ans: profit margin
type of estimate that determines the quantity and cost of everything
required for the project, including material, labor, equipment,
insurance, bonds, overhead, etc.
Ans: detailed estimate
type of estimate where rather than bidding each of the individual
components of the project, the estimator bids the components in
groups
All rights reserved © 2025/ 2026 |
, Page |2
Ans: assembly estimating
type of estimate that is bid based on an average cost per square foot
Ans: square foot estimates
type of estimate that uses equations that express the statistical
relationship between building parameters and the cost of the building
Ans: parametric estimates
type of estimate that uses computer models to prepare an estimate
based on a number of questions answered by the estimator
Ans: model estimating
a type of estimate that is prepared by comparing the costs of a
proposed project to a similar project
Ans: project comparison estimate
some skills that you need for ______ include: read and quantify plans,
knowledge of math and geometry, patience, doing careful, thorough
work, computer literate
Ans: quantity takeoff
All rights reserved © 2025/ 2026 |
CM 3111 EXAM 1 Questions and Correct
Answers/ Latest Update / Already Graded
the determination of probable construction costs for a project that are
prepared from the contract documents.
Ans: estimating
what is estimating in construction used for?
Ans: to establish project budget and order materials
provides the general contractor an acceptable rate of return and
compensation for the risk associated with the project
Ans: profit margin
type of estimate that determines the quantity and cost of everything
required for the project, including material, labor, equipment,
insurance, bonds, overhead, etc.
Ans: detailed estimate
type of estimate where rather than bidding each of the individual
components of the project, the estimator bids the components in
groups
All rights reserved © 2025/ 2026 |
, Page |2
Ans: assembly estimating
type of estimate that is bid based on an average cost per square foot
Ans: square foot estimates
type of estimate that uses equations that express the statistical
relationship between building parameters and the cost of the building
Ans: parametric estimates
type of estimate that uses computer models to prepare an estimate
based on a number of questions answered by the estimator
Ans: model estimating
a type of estimate that is prepared by comparing the costs of a
proposed project to a similar project
Ans: project comparison estimate
some skills that you need for ______ include: read and quantify plans,
knowledge of math and geometry, patience, doing careful, thorough
work, computer literate
Ans: quantity takeoff
All rights reserved © 2025/ 2026 |
